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Daily Insights and Food Industry News

SIAL Paris 2024 to celebrate its 60th anniversary

SIAL Paris promises an exceptional edition in 2024 as the world's largest trade show in the food industry celebrates its 60th anniversary. There will be lots of surprises in store for visitors! Poster of the inaugural international food show (Photo: www.sialparis.com/en/the-show/our-story) It was a major event in 1964: the first Salon International de l'Alimentation (International…

SWEDISH FOODTECH START-UP CREATES WORLD’S FIRST FOOD FROM THIN AIR

Swedish foodtech start-up Green-On has developed a way to create food from thin air - an edible fat - from carbon dioxide, water and electricity, in a bid to create a sustainable alternative to tropically-grown vegetable fats and oils such as palm, coconut, shea and cocoa.

HORMEL FOODS TO TRANSITION TO NEW THREE OPERATING SEGMENTS FROM FISCAL 2023 TO DRIVE AGILITY

Minnesota-based Hormel Foods Corporation is revamping its strategic operating model in order to be “more agile, consumer and customer focused, and market driven”.

WHAT DOES THE INCREASE IN SWEETENERS AND SUGAR MEAN FOR GLOBAL FOOD REGULATIONS?

New research has highlighted the growth in companies using artificial sweeteners in food and drink products but, at the same time, the data has raised concerns that this is not necessarily replacing sugar.

PLANT-BASED BACON WITH 50% LESS FAT HITS SHELVES COURTESY OF WORLD’S BIGGEST BEEF COMPANY JBS

The official retail launch of TrueBite™ Plant-Based Bacon was announced by the meat giant’s US branch Planterra Foods through its Colorado based brand OZO.

GREEN GENERATION FUND RAISES €100 MILLION TO EXPAND FOOD TECHNOLOGY INNOVATION

Green Generation Fund, a Berlin-based firm has received €100 million to promote food technology that saves CO2 in producing meat alternatives and other products.

BRITISH MEAT PROCESSORS HIGHLIGHT ANIMAL WELFARE ‘FLAWS’ IN NEW TRADE DEALS

The British Meat Processors Association (BMPA) has cited a new report from independent think tank ResPublica that it says “exposes a number of flaws” in the UK’s recent trade deals with Australia and New Zealand “that open the door to food produced to lower standards of animal welfare”.

MOUTAI IS THE WORLD’S MOST VALUABLE SPIRITS BRAND AT $43 BILLION SAYS BRAND FINANCE

Brand valuation consultancy Brand Finance says that global spirits labels grew by 6% in value last year and that China’s Moutai baijiu was the most valuable spirits brand globally at $43 billion, well ahead of second placed Wuliangye, at $28.7 billion, also from China. Brand value is defined by Brand Finance as the net economic…

SALES OF FROZEN READY MEALS TO REACH $130 BILLION BY 2029, NEW REPORT FORECASTS

Meticulous Research has become the latest company to forecast that demand for frozen ready meals will increase in the coming years as busy lifestyles drive sales for convenience foods.

CELLULAR AGRICULTURE AUSTRALIA LAUNCHES GROUNDBREAKING 6-MODULE COURSE

Australia’s first online course in cellular agriculture has been launched by Cellular Agriculture Australia to prepare what the organisation describes as “the massive wave of talent” that will be needed in future.

MONDI LAUNCHES NEW RECYCLABLE PAPER PACKAGING FOR ITALIAN PASTA BRAND

Mondi, the global packaging company, has debuted fully recyclable paper packaging for pasta at a time of continuing concern about plastic waste. The new product, a replacement for plastic packaging, has been launched in partnership with Fiorini International, a packaging producer based in Italy, Mondi announced in a statement. Developed for the Antico Pastificio Umbro…

SPREAD RAISES $30 MILLION IN LARGEST FOOD TECH DEAL IN JAPAN

Vertical farming startup, Spread, has raises $30 million in a Series A funding round from multiple companies and angel investors in what is claimed to be the largest-ever single fundraising in Japan’s food tech market.

NEW RESEARCH PARTNERSHIP ENGAGES RED MEAT FARMERS ACROSS AUSTRALIA

Meat & Livestock Australia partners with Farming for the Future to conduct a multi-year study into farm businesses, including red meat producers.
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